Page 46 - InterloopLimitedSR2020

MATERIALITY ASSESSMENT

Interloop’s sustainability strategy is guided by a materiality assessment process which helps us to determine the most The boundaries of the material topics have been defined based on the actual occurrence of the impact i.e. within the
important issues manifesting major impacts of our products and operations on the economy, environment, and society. The organization, outside the organization, or both.
process takes into account the topics raised by stakeholders along with the issues identified through internal analysis and
industry specific sustainability topics. The topics are analyzed, prioritized and finalized using Reporting Principles for defining
report content from GRI Foundation 101: 2016. These principles have been applied throughout the materiality determination Material Topic Impacts Making it Material Boundary
process at various degrees to shortlist the issues which are of most interest to our stakeholders and which represent our
significant economic, environmental and social impacts. Job creation for local communities resulting in economic development
Market Presence Interloop
around the plant site
Creation of business opportunities for local vendors, economic
• Procurement Practices • Economic Performance Procurement Practices Interloop
• Security Practices • Market Presence development, reliable supply chain
• Materials Sourcing and Use Materials Sourcing & Consumption of limited material resources and impacts in the supply
• Emissions Usage chain Interloop, Our Suppliers
• Water
Energy
•
Highly • Effluent and Waste Energy Impact on climate change due to the consumption of fossil fuels and Interloop, Our Suppliers
Influence on Stakeholders’
opportunities for energy production from non-renewable sources
Assessment and Decisions
Employment and Labor
•
Practices Leads to climate change resulting in severe weather patterns and raw
• Anti-Corruption Emissions material availability Interloop, Our Suppliers
• Human Rights
• Local Communities Interloop, Our suppliers,
Water Affects the availability of freshwater leading to water scarcity
Our Customers
Affects climate through air emissions, discharge of effluent and waste
Effluents & Waste Interloop, Our Suppliers
generation both hazardous and non-hazardous
Employment & Labor Providing jobs for economic development, compliance with applicable Interloop
Practices laws, customer charters and international conventions
Affects competitiveness and leads to misuse of power resulting in Interloop, Our Suppliers
Anti-Corruption
Moderately Human Rights Risks to reputation and license to operate in case of non-compliance of Interloop, Our Suppliers
poverty. Compliance with laws and international charters

basic human rights defined in international charters and conventions
• Health and Safety Effects on local communities due to operations, the contribution for
• Training and Education Local Communities provision of education and health facilities and creation of livelihood Interloop
• Supply Chain Impacts • Indirect Economic Impacts opportunities for economic development
• Compliance with Laws • Marketing and Labeling
Health & Safety Health and safety of employees impacting productivity, compliance Interloop
with applicable laws as well as customers’ requirements
Moderately Highly Enhances the productive potential of the workforce, cost savings, and
Training and Education Interloop
improvement of product & service quality
Significance of Impacts on Enconomy, Compliance with human rights laws and international charters and
Security Practices Interloop
Environment and Society customers’ requirements

The outcome of the materiality determination process has been summarized in the materiality matrix. The materiality matrix Compliance with Laws Compliance with applicable laws Interloop
contains the issues highly important to stakeholders & Interloop and demonstrates significant impacts on issues that are
moderately important to Interloop & stakeholders. The scope and content of the report have been derived from the materiality Negative supply chain impacts in the areas of environment, labor and
matrix. The analysis of the material topics also helps in devising and updating appropriate policies and procedures for Supply Chain Impacts human rights Interloop, Our Suppliers
effective management of the impacts of our operations.

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